Shiba Inu Price Stagnating as Analysts are bullish on Tradecurve
Like any other industry with many moving components, volatility is always present in the cryptocurrency sector. Today, we explore two notable projects – Shiba Inu and Tradecurve – and the shifting sentiments surrounding their price performance.
While Shiba Inu has experienced a period of stagnation, analysts are increasingly bullish on Tradecurve, which many see as a rising presale star, highlighting the potential for long-term growth in the coming days.
Summary
- Shiba Inu unable to see any price increases
- Falling TVL could signal a liquidity crisis for Shiba inu
- Tradecurve presale to see a substantial long-term growth
Shiba Inu (SHIB) and its Stagnating Journey
Shiba Inu, which came after the success of Dogecoin, initially gained attention since many individuals viewed it as the Dogecoin killer. The project garnered significant interest from retail investors, driven by social media hype and community enthusiasm. However, in recent times, Shiba Inu’s price has been relatively stagnant, struggling to break through key resistance levels and regain the momentum it once enjoyed.
Shiba Inu rose to prominence at the height of the 2021 bull market by leading price surges that attracted much media attention. As a result, the Total Value Locked (TVL) of ShibaSwap, the decentralized exchange linked to Shiba Inu, increased to an astonishing $1.75 billion.
According to DefiLlama, the once-so-soaring TVL has suffered a severe setback and has fallen to only $24.64 million. This sharp decrease in TVL may soon cause further Shiba Inu price drops. The overall bearish trend in the crypto market has also severely impacted the Shiba Inu value, which now sits at $0.000008499 with a market cap of $5B. This is a drop of 1.98% in the last 24 hours, and with all technical indicators in the red, this token could continue falling in the near term.
Tradecurve (TCRV) displays bullish sentiments
While Shiba Inu’s price has remained relatively stagnant, analysts are increasingly focusing on Tradecurve. This upcoming trading platform will change online trading by closing the gap between centralized and decentralized exchanges.
It will introduce a unique trading platform where users may find high liquidity, low trading fees, and access to multiple asset classes on one account.
The bullish sentiments surrounding Tradecurve can be attributed to several factors. The platform’s innovative approach to online trading, leveraging automation and AI-driven trading bots, has garnered attention from traders seeking to improve profitability and efficiency.
This Ethereum-based trading platform offers a unique and comprehensive trading experience by allowing users to trade stocks, forex, commodities, and cryptocurrencies within a single account. This integrated approach brings convenience and versatility to traders, enabling them to diversify their investment portfolios seamlessly.
Traders can leverage opportunities across various markets, leveraging their expertise and capitalizing on emerging trends. This integration promotes a more efficient and streamlined trading experience, empowering users to explore different markets and potentially maximize their investment returns.
Not only that, all traders may open an account using an email, link it to a crypto wallet, and begin trading. With this in mind, those more privacy-conscious will find the perfect platform in Tradecurve as it will not impose any intrusive sign-up KYC requirements. This is a big difference from well-known entities such as Robinhood and eToro, which seem to overlook privacy.
This is just one aspect of the Tradecurve platform, as users will find a high leverage starting at 500:1, a metaverse trading academy for beginners, and a social trading feature where users may copy trades from experienced investors by subscribing to them.
Discounts on subscription fees can be obtained by holding the TCRV native token, which is now in Stage 3 of its presale and costs just $0.015.
With a token smart contract audit by Cybercope and a team KYC audit performed by Assure DeFi, buyers should rest easy knowing that Tradecurve is a safe investment option. These circumstances are why analysts are so bullish about Tradecurve as they predict its presale raising $20M and rivaling established players such as Binance and Coinbase after its launch.
A significant 100x jump is also expected for TCRV after it is launched and listed on a noteworthy Tier-1 CEX. If you want this potential chart-topping crypto, follow the links below and earn a 25% deposit bonus.
For more information about the Tradecurve presale:
Read more: https://thenewscrypto.com/shiba-inu-price-stagnating-as-analysts-are-bullish-on-tradecurve/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
